Q. Capitalism is based upon “Laissez-faire system”. What is "Laissez-faire system"?
Answer: No governmental intervention
Notes: Laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favours a free market unregulated by the government. The term comes from a French phrase that means “let do”.

1

The above question is part of 35000+ General Studies MCQ Series Course on GKToday Android app.